BOJ Approves Banking Transactions Utilising NIDS When Fully Operational
The Bank of Jamaica has given National Commercial Bank (NCB) the approval to pursue three use cases that integrate the services of the National Identification and Registration Authority (NIRA). Those being pursued by the Bank are face-to-face deposit account on-boarding, online deposit account onboarding with biometric authentication and Know Your Customer (KYC) remediation. Minister without Portfolio in the Office of...